Wednesday, January 28, 2015

U.S. Income Share Remains Large For Top 1%. But Is Income The Point?

The Top 5%. It's Not About income. "It's Net Worth, Stupid!"

U Mass Professor Emeritus Richard Wolff Provides Out-Of-The-Box Views

1910 Income Tax Promised To Never Shift Burden From Richest 1 - 4%

"The Rich Aren't Just Grabbing A Bigger Slice Of The Pie. They're Taking It All"

"Plutocracy Triumphant"
Cartoon Compendium

"Politics And Economics: The 101 Courses You Wish You Had"

Chart of the day: New data shows the top U.S. income share remains large. "The share of total income (excluding capital gains) going to the top 1 percent remains above one-sixth, at 17.5 percent. By this measure, the concentration of income among the richest Americans remains at levels last seen nearly a century ago. ... After adjusting for inflation, the average income for the richest 1 percent (excluding capital gains) has risen from $871,100 in 2009 to $968,000 over 2012 and 2013. By contrast, for the remaining 99 percent, average incomes fell by a few dollars from $44,000 to $43,900. That is, so far all of the gains of the recovery have gone to the top 1 percent." Justin Wolfers in The New York Times

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